November 2018 Coronado Rent Report

Welcome to the November 2018 Coronado Rent Report. Coronado rents increased over the past month. In this report, we'll evaluate trends in the Coronado rental market, including comparisons to cities throughout the metro, state, and nation.

November 2018 Coronado Rent Report

Welcome to the November 2018 Coronado Rent Report. Coronado rents increased over the past month. In this report, we'll evaluate trends in the Coronado rental market, including comparisons to cities throughout the metro, state, and nation.

Coronado rents increased moderately over the past month

Coronado rents have increased 0.3% over the past month, but have decreased slightly by 0.3% in comparison to the same time last year. Currently, median rents in Coronado stand at $2,920 for a one-bedroom apartment and $3,790 for a two-bedroom. Coronado's year-over-year rent growth lags the state average of 1.3%, as well as the national average of 1.1%.

Rents rising across the San Diego Metro

While rent prices have decreased in Coronado over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in all of the largest 10 cities in the San Diego metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

San Marcos has seen the fastest rent growth in the metro, with a year-over-year increase of 2.9%. The median two-bedroom there costs $2,000, while one-bedrooms go for $1,540.

Over the past month, El Cajon has seen the biggest rent drop in the metro, with a decline of 1.3%. Median two-bedrooms there cost $1,660, while one-bedrooms go for $1,280.

Carlsbad has the most expensive rents of the largest cities in the San Diego metro, with a two-bedroom median of $2,440; rents were up 1.0% over the past month and 1.5% over the past year.

National City has the least expensive rents in the San Diego metro, with a two-bedroom median of $1,530; rents grew 0.1% over the past month and 1.9% over the past year.

Many large cities nationwide show more affordable rents compared to Coronado

As rents have fallen slightly in Coronado, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Coronado is less affordable for renters.

Other cities across the state have seen rents slightly increase, with California as a whole logging rent growth of 1.3% over the past year. For example, rents have grown by 2.7% in San Jose, 1.3% in Los Angeles, and 1.2% in San Francisco.

Coronado's median two-bedroom rent of $3,790 is above the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the 0.3% decline in Coronado.

While rents in Coronado fell slightly over the past year, many cities nationwide saw increases, including Phoenix (+3.0%), Austin (+2.3%), and New York (+1.5%).

Renters will generally find more expensive prices in Coronado than most large cities. For example, Phoenix has a median 2BR rent of $1,050, where Coronado is more than three-and-a-half times that price.

For more information check out our
national report.
You can also access our full data for cities and counties across the U.S. at
this link.

City

Median 1BR price

Median 2BR price

M/M price change

Y/Y price change

San Diego

$1,570

$2,030

-0.3%

0.9%

Chula Vista

$1,640

$2,130

0.6%

2.4%

Oceanside

$1,760

$2,290

0.7%

1.4%

Escondido

$1,420

$1,850

0.9%

0.7%

Carlsbad

$1,880

$2,440

1.0%

1.5%

El Cajon

$1,280

$1,660

-1.3%

0.7%

Vista

$1,430

$1,850

0.2%

2.1%

San Marcos

$1,540

$2,000

-0.5%

2.9%

Encinitas

$1,870

$2,420

2.4%

1.9%

National City

$1,180

$1,530

0.1%

1.9%

La Mesa

$1,430

$1,860

-0.7%

2.2%

Imperial Beach

$1,280

$1,660

-0.1%

-0.8%

Coronado

$2,920

$3,790

0.3%

-0.3%

See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.